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Intermediate Microeconomics: A Tool-Building Approach Hardcover – 9 September 2014
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Intermediate Microeconomics: A Tool-Building Approach is a clear and concise, calculus-based exposition of current microeconomic theory essential for students pursuing degrees in Economics or Business. This beautifully-presented and accessible text covers all the essential topics that are typically required at the intermediate level, from consumer and producer theory to market structure (perfect competition, monopoly and oligopoly). Topics covered include risk, game theory, general equilibrium and externalities, asymmetric information, and public goods.
Using numerical examples as well as sophisticated and carefully designed exercises, the book aims to teach microeconomic theory via a process of learning-by-doing. When there is a skill to be acquired, a list of steps outlining the procedure is provided, followed by an example to illustrate how this procedure is carried out. Once the procedure has been learned, students will be able to solve similar problems and be well on their way to mastering the skills needed for future study.
Intermediate Microeconomics presents a tremendous amount of material in a concise way, without sacrificing rigor, clarity or exposition. Through use of this text, students will acquire both the analytical toolkit and theoretical foundations necessary in order to take upper-level courses in industrial organization, international trade, public finance and other field courses.
Instructors that would like to consider Intermediate Microeconomics: A Tool-Building Approach for course adoption will have access to the book’s free companion website featuring:
- Detailed answers to end of chapter questions
- All figures used in the book as PDF files suitable for inclusion in PowerPoint slides
- Chapter-by-Chapter zipped files of worksheets/quizzes suitable for classroom use
Problem sets are available on WebAssign for instructors who wish to use them. These are located at http://www.webassign.net/features/textbooks/banerjeeecon1/details.html?l=publisher.
Please contact the author at banerjeemicro@gmail.com for details, or visit his website at http://banerjeemicro.com/
- ISBN-100415870046
- ISBN-13978-0415870047
- Edition1st
- PublisherRoutledge
- Publication date9 September 2014
- LanguageEnglish
- Dimensions17.78 x 2.54 x 27.94 cm
- Print length326 pages
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"This beautifully constructed text conveys the conceptual and practical tools of modern microeconomics with clarity, graphical lucidity, and satisfying mathematical rigor -- that is, no hand-waving, no ostentation. Amidst a plethora of graphically intensive but substantively thin microeconomics texts, this book stands out as modern, applicable, and intellectually satisfying. I'm excited to share it with my students." ― David Autor, Ford Professor of Economics, MIT
“There is a strange beauty to basic economic theory. That by using a few facts and pure reason, one can get a comprehensive view of an economy is a wondrous experience that I would recommend to anyone aspiring to be an economist or to take economics apart. Samiran Banerjee’s book is an excellent example of this ― an elegant, no-nonsense introduction to microeconomic theory that takes the reader all the way from the early breakthroughs in industrial organization and general equilibrium in the nineteenth century to contemporary game theory.” ― Kaushik Basu, Professor of Economics and C. Marks Professor, Cornell University; former Chief Economist of the World Bank
Review
"This beautifully constructed text conveys the conceptual and practical tools of modern microeconomics with clarity, graphical lucidity, and satisfying mathematical rigor -- that is, no hand-waving, no ostentation. Amidst a plethora of graphically intensive but substantively thin microeconomics texts, this book stands out as modern, applicable, and intellectually satisfying. I'm excited to share it with my students." ― David Autor, Ford Professor of Economics, MIT
“There is a strange beauty to basic economic theory. That by using a few facts and pure reason, one can get a comprehensive view of an economy is a wondrous experience that I would recommend to anyone aspiring to be an economist or to take economics apart. Samiran Banerjee’s book is an excellent example of this ― an elegant, no-nonsense introduction to microeconomic theory that takes the reader all the way from the early breakthroughs in industrial organization and general equilibrium in the nineteenth century to contemporary game theory.” ― Kaushik Basu, Professor of Economics and C. Marks Professor, Cornell University; former Chief Economist of the World Bank
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Product details
- Publisher : Routledge
- Publication date : 9 September 2014
- Edition : 1st
- Language : English
- Print length : 326 pages
- ISBN-10 : 0415870046
- ISBN-13 : 978-0415870047
- Item weight : 816 g
- Dimensions : 17.78 x 2.54 x 27.94 cm
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- AnuragReviewed in the United States on 20 November 2014
5.0 out of 5 stars A five star book on Intermediate microeconomics.
Format: PaperbackVerified PurchaseDr. Banerjee has written a wonderful book on Intermediate microeconomics. He has made difficult topics easy to understand. The graphs in vivid colors stand out and explain the concepts very well. I also liked how certain terms and sentences are highlighted in yellow. I hope Dr. Banerjee writes a similar book on intermediate macroeconomics.
- elizabeth fosterReviewed in the United States on 3 December 2018
4.0 out of 5 stars Good, but a matter of taste
Format: PaperbackVerified PurchaseI used this text for an intermediate microeconomics course. I have no reservations about recommending it, but there is a bit of caveat emptor. The strengths are the clarity of the writing and the step-by-step derivations of many of the problems. Mathematical derivations are an essential component of the subject, and students can often get lost in the steps and thus miss the forest for confusing a tree for a bush. On this score, the text is excellent. However, I found two aspects which could be weaknesses depending on how the course is taught. First was the heavy reliance on game theory as a tool for explaining Oligopoly. This is fine, but I find it is not especially helpful in developing the intuition of the economics of these markets. It also requires quite an investment into game theory itself. The second possible weakness is the heavy reliance on graphs to explain some of the material. Graphical representations are essential, to be sure, but in my view in explaining new material to students the concepts should first be explained fully, then elaborated mathematically and then graphically as an expression of the concepts. The ultimate example of this is the chapter on public goods, which includes a lovely and elegant graphical presentation of the ideas but which is, in my view, almost useless for initially exploring the core ideas. In conclusion, a fine textbook, if this is the approach you want to take.